Also known as: MPC · Bank of Namibia Monetary Policy Committee
Decision-making body at the Bank of Namibia responsible for setting interest rates and monetary policy, recently appointed new members Helvi Fillipus and Dr John Steytler.
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Informanté
Monetary Policy Committee unanimously kept repo rate at 6.75% and prime at 10.25%
“On 12 August the Monetary Policy Committee unanimously kept the repo rate at 6.75% and prime at 10.25%, holding its 2026 inflation forecast at 4.0%.”
Monthly Economic Update – August 2026Windhoek Observer
Monetary Policy Committee maintained repo rate at 6.75%
“The BoN's latest position comes as the Monetary Policy Committee maintained the repo rate at 6.75%, with the bank continuing to assess domestic growth conditions, inflation, reserve adequacy and developments in South Africa when determining its monetary policy stance.”
Capital outflows to SA at N$10bn compared to N$18bn last yearInformanté
Monetary Policy Committee decided to keep the repo rate unchanged at 6.75%
“the Monetary Policy Committee (MPC) of the Bank of Namibia decided to keep the repo rate unchanged at 6.75%.”
Repo rate remains unchanged at 6.75%Windhoek Observer
Monetary Policy Committee decided to leave repo rate at 6.75%
“The Bank of Namibia's Monetary Policy Committee (MPC) has decided to leave the repo rate at 6.75%, governor Ebson Uanguta announced today.”
Bank of Namibia leaves repo rate at 6.75%Informanté
Monetary Policy Committee raised the repo rate by 25 basis points on 17 June 2026, taking it to 6.75%
“The Monetary Policy Committee (MPC) raised the repo rate by 25 basis points (bps) on 17 June 2026, taking it to 6.75% and narrowing the interest rate differential with South Africa to 25 bps.”
Credit uptake slows in May as borrowing cost and inflationary pressures persistInformanté
Monetary Policy Committee raised the repo rate by 25 basis points to 6.75% on 17 June
“After three consecutive holds at 6.50%, the Monetary Policy Committee raised the repo rate by 25 basis points to 6.75% on 17 June, taking the prime lending rate to 10.25% — its first increase of this cycle.”
Monthly Economic Update – June 2026The Namibian
Monetary Policy Committee announced an increase in the repo rate by 25 basis points
“We held our third MPC deliberations of the year and subsequently announced an increase in the repo rate by 25 basis points amid rising inflationary pressures.”
Approaching the mid-year point under highly fluid conditionsInformanté
Monetary Policy Committee decided to raise the repo rate by 25 basis points to 6.75%
“He added that following extensive deliberations, the MPC decided to raise the repo rate by 25 basis points to 6.75%.”
Bank of Namibia raises lending rates to 6.75%Windhoek Observer
Monetary Policy Committee decided to tighten policy to counter rising inflation and maintain the NAD/ZAR currency peg
“Governor Uanguta said the Monetary Policy Committee decided to tighten policy to counter rising inflation and maintain the NAD/ZAR currency peg.”
Bank of Namibia raised repo rate to 6.75%Informanté
Monetary Policy Committee unanimously decided to maintain repo rate unchanged at 6.50%
“Following extensive deliberations, the MPC unanimously decided to maintain the repo rate at 6.50%.”
Repo rate maintained at 6.50%The Bank of Namibia has lowered its 2026 economic growth forecast to 2.1%, down from its June projection and below the government's 3.1% target, citing sluggish mining, manufacturing, electricity and transport activity. The central bank held its repo rate at 6.75% in August as headline inflation plateaued at 4.4%, with foot-and-mouth disease and El Niño now identified as emerging risks.
1 September 2026 · Informanté →
The Bank of Namibia has lowered its 2026 economic growth forecast to 2.1%, down from its June projection and below the government's 3.1% target, citing sluggish mining, manufacturing, electricity and transport activity. The central bank held its repo rate at 6.75% in August as headline inflation plateaued at 4.4%, with foot-and-mouth disease and El Niño now identified as emerging risks.
1 September 2026 · Informanté →
Capital outflows from Namibia to South Africa fell to about N$10 billion year-to-date, down from N$18 billion in the corresponding period last year, Bank of Namibia governor Ebson Uanguta said. The central bank is monitoring the interest rate differential with South Africa, warning that a widening gap could increase capital outflows and pressure the country's foreign reserves and currency peg.
14 August 2026 · Windhoek Observer →
The Monetary Policy Committee kept the repo rate unchanged at 6.75% and the prime lending rate at 10.25%, citing a need to support international reserves and maintain the Namibia Dollar–South African Rand peg while balancing subdued economic activity and relatively benign inflation.
12 August 2026 · Informanté →
The Bank of Namibia's Monetary Policy Committee has decided to leave the repo rate unchanged at 6.75%, where it has been since a 25 basis point increase in June 2026. The central bank cited efforts to maintain price and financial stability amid domestic and external economic conditions.
12 August 2026 · Windhoek Observer →
Private sector credit extension grew marginally at 0.1% month-on-month in May 2026, with annual growth easing to 4.3% year-on-year from 4.8% in April, driven primarily by weaker corporate borrowing activity and reduced overdraft lending as companies repaid debt.
7 July 2026 · Informanté →
Real GDP growth recovered to 2.0% in Q1 2026 after near-stagnation in late 2025, but mining contracted 12.2% due to weaker diamond and gold output, while services expanded around 5%. The Bank of Namibia raised its repo rate by 25 basis points to 6.75% in June in response to inflation reaching 4.1% in May, the highest in 14 months.
1 July 2026 · Informanté →
The Bank of Namibia's governor reports that the Monetary Policy Committee increased the repo rate by 25 basis points in response to rising inflationary pressures driven by oil infrastructure damage and shipping disruptions from Middle Eastern conflict. As a small open economy, Namibia remains vulnerable to external shocks transmitted through global markets.
18 June 2026 · The Namibian →
The Bank of Namibia increased the repo rate by 25 basis points to 6.75%, pushing the prime lending rate to 10.25%, which means commercial banks will charge more for home loans, vehicle finance, and other credit. Governor Ebson Uanguta said the decision was necessary to mitigate inflationary risks and safeguard the one-to-one link between the Namibian dollar and the South African rand.
18 June 2026 · New Era →
The Bank of Namibia increased the repo rate by 25 basis points to 6.75%, bringing the Prime lending rate to 10.25%, citing rising global and domestic inflationary pressures and shifting monetary policy stances among major central banks.
17 June 2026 · Informanté →
The Bank of Namibia increased the repo rate by 25 basis points to 6.75%, effective immediately, with the prime lending rate also rising to 10.25%. Governor Ebson Uanguta said the Monetary Policy Committee tightened policy to counter rising inflation and maintain the NAD/ZAR currency peg, with headline inflation climbing to 4.1% in May 2026.
17 June 2026 · Windhoek Observer →
Vehicle sales fell to 1,171 units in May from 1,320 in April, a 11.3% decline, though the May figure was 14.8% higher year-on-year and the strongest May print since 2016. Year-to-date sales for the first five months of 2026 reached 6,326 units, more than 22% ahead of the same period in 2025.
16 June 2026 · Windhoek Observer →
The Bank of Namibia's Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 6.50%, with commercial banks expected to maintain their prime lending rate at 10.00%. The decision was guided by weak domestic economic activity, higher inflation forecast for 2026, and the need to safeguard the peg between the Namibia Dollar and the South African Rand.
29 April 2026 · Informanté →
The Bank of Namibia forecasts the domestic economy will expand by 2.6% in 2026 and 2.9% in 2027, a downward revision driven by weaker performance in metal ores and diamond mining. Growth is expected to be led by construction, electricity, trade, and financial services, though uranium production is anticipated to provide some support.
17 April 2026 · New Era →
Namibian borrowers will save at least N$314 million annually following a 25-basis-point reduction in commercial banks' lending rates directed by the Bank of Namibia, which narrowed the prime-minus-seven repo spread from 3.75% to 3.50%. The lending rate reduction followed cumulative repo rate cuts of 50 basis points during 2025.
3 March 2026 · The Namibian →
The Bank of Namibia's Monetary Policy Committee voted unanimously to maintain the repo rate at 6.50%, prioritising monetary stability and protecting the Namibia Dollar's peg to the South African Rand amid a slowing domestic economy, though inflation remains contained and the external trade position has strengthened.
19 February 2026 · New Era →
The Monetary Policy Committee of the Bank of Namibia maintained the repo rate at 6.50%, meaning commercial banks are expected to keep their prime lending rates at 10.00%. The decision was made to safeguard the currency peg with the South African Rand while supporting domestic economic activity, with consideration given to subdued credit extension and weaker domestic growth.
19 February 2026 · Informanté →
The Bank of Namibia has appointed Helvi Fillipus and Dr John Steytler to its Monetary Policy Committee. Fillipus, an economic advisor at the bank and its youngest MPC member, brings expertise in macroeconomic research and public finances, while Steytler, a distinguished economist and former senior BoN official, joins as the first independent member for a three-year term.
11 February 2026 · New Era →